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EPFO claims, the amount of PF to be deposited in the account in only 24 hours

Sunday - December 8, 2019 4:13 pm , Category : BUSINESS
EPFO gathers in an effort to simplify the PF withdrawal process
EPFO gathers in an effort to simplify the PF withdrawal process

PF money to credit in the bank account in just one day! 

DEC 08 (WTN) - The process of withdrawing money from a PF account and timely credit of that money to your bank account was a time-consuming task. But in this era of technology, this process has become much easier and faster than before with the use of the internet. At the same time, this process is being gradually made easier and faster so that PF account holders do not face much trouble in withdrawing PF money. For your information, let us know that in this link, EPFO claims that now the process of withdrawing PF money will be completed in a matter of minutes, not days.

In fact, EPFO i.e. the Employees Provident Fund organization is creating a new mechanism to make the process of PF amount withdrawal easier and faster than before. The EPFO is also preparing a time frame to make this work easier and faster. This is why because thousands of applications are expected to come in a day after the new system is implemented.

For your information, let us know that within three days of applying to withdraw money from PF, the EPFO completes the process on its side. After completion of the PF withdrawal application from EPFO, it takes at least 3 working days for the PF amount to be credited in the bank account. That is from the PF withdrawal application to the credit of the PF money to the bank account, this process takes about a week. But now the EPFO is preparing to complete this week-long process in a day so that the money of PF is deposited in the account of the applicant at the earliest.

EPFO claims that after the new system is started smoothly if one has to withdraw money in advance from the PF fund, the applicant can get the PF money in a single day on applying online. Actually, EPFO is trying to complete the claim settlement process faster than before to make the PF withdrawal process even easier and faster.

Let us now tell you what you need to do to get PF money in a day. For this, first, you have to go to the official website of EPFO. After visiting the website, you have to log in here. After logging in, you will have to go to the ‘Manage’ option, and here you will have to check whether the KYC of your PF account is complete or not. If your KYC is not complete, then complete it first. On the other hand, if KYC is complete, then you have to click on the option of ‘Online Service Claim’.

As soon as you click on the ‘Online Service Claim’, you will see the option of ‘Claim’ in the drop-down menu. You have to click on this ‘Claim’ option. In the last step of this entire process, you have to click on the option of "Proceed for Online Claim". When you have completed all this process online, then you have to choose the ‘Payment’ option there. For this process, you have to go to the option “I Want to Apply for”. 

Clicking on the "I Want to Apply for" option will bring you three options; Full EPF Settlement, EPF Part Withdrawal (loan/advance) or Pension Withdrawal. From these options, you can choose any one option as per your convenience. After choosing one of the options, an OTP will be received to your registered mobile number, which you will have to verify. After the OTP verification process is completed, your application will reach the EPFO, and according to the EPFO claim, your PF will be credited to your bank account within 24 hours.